Do Not Go Above Your Credit Limit
The first and foremost rule of using a credit card is knowing your credit limit. This amount varies from person to person depending on various factors that the bank issuing the card determines. Salary and company one is working for are some of the major aspects a bank considers when issuing a credit card and fixes the credit limit as needed.
Knowing your credit limit will not only keep you away from unexpected credit card charges, which are more like penalties for going overboard.
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Pay the Minimum Each Month
If you are looking to keep an outstanding amount running for the next couple of months, paying the minimum requirement is important to avoid any surcharges for not doing so. A single figure amount may become double in a matter of months if not dealt with carefully and only the bank will be justified in its stance.
The best way to go about this is to know how much you are spending, keep a log and pay that amount off each month instead of piling it up and having to face credit issues later.
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Keep Track of Annual Fees
Most, but not all credit cards have some type of annual fee that are simply charges from the bank to keep your card active. Other yearly fees like SMS service, along with other notification facilities will be charged for annually, making it important to know what you are being charged for and when that deduction will occur.
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Be Aware of Automatic Deductions
When getting a credit card from a bank that already is the one you use to manage cash accounts with, remembering that if not advised otherwise, they will go ahead and cut the amount from your bank account on a monthly basis. Customers should be advised to know whether that is the case or not.
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